By Roger Chesher
THE early buyers nitrogen market is undoubtedly very active at present, more so than has been experienced for many months.
This has injected a little optimism into the marketplace and encouraged liquid nitrogen buyers to request prices to fill their tanks in anticipation of a higher spring price to come.
Tank fill will be around 120/t cash for 37%N on a W/V basis.
It is still perhaps a week or so too early for a September price for solid ammonium nitrate to be published.
Assuming the majors wish to go into October with a 4/t hike, which is logical, it would seem sensible to split this, 2/t in September, 2/t in October.
PK prices, indeed all prices, are unchanged at present. The PK market is still rather slow, with some pundits questioning if farmers are tempted to have a PK holiday for a second year.
Agronomically this would not be a good idea and the most likely explanation would be another just in time spot market.
Agronomy is playing a significant part in the storage market, as interest in Sulphur is very strong.
Selenium is also creating interest in specialist livestock grazing areas. The mid-season grass market is slowing and new prices are anticipated in October.
New-season nitrogen (SP5) 34.5%
September domestic nitrogen
Imported urea (if available)
Blended 20.10.10 and 25.0.16
|Liquid nitrogen, 37kg/100l or 29.6% N/t|
August, pay cash
After-cut NK cash
TSP (47% P2O5) bagged
Muriate of Potash (60% K2O) bagged
IRELAND CAN 24.6.12 0.16.36 Complex compounds
Republic of Ireland*
*Note in the Republic of Ireland nutrients are expressed as elements not oxides. Analyses will not be directly comparable with those used in the UK.
*Prices in the Republic are IR
Note All illustrated prices are based on 24-tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.
Source: Bridgewater Partnership